Liabilities are not the claims of creditors to a company's resources.

Liabilities are not the claims of creditors to a company's resources. True or False

Liabilities normally have a left-hand balance. True or False.

Liabilities have a normal credit balance.

Debits are on the left side of the T account, while credits are on the right side of the T account.

A liability is where the company owes money to a creditor.

This is a duppicate post and has been answered on the other post.